In its latest report 'The Bangladesh Development Update September 2017', the lending agency said that growth remained resilient in spite of volatile export growth and shrinking remittances. Bangladesh's growth is projected to be robust and above many developing countries in East and South Asia, driven by industry and service, it said. It said stagnant private investment, weak export growth and fall in remittances have impacted the job market and that slow structural reform was hindering faster job creation. The World Bank recommends regulatory reforms, revision of 'distortionary' industrial policies to create more employment along with planned urbanisation. Citing that the Dhaka division accounts for 45 percent of all industry jobs and 37 percent of service job, it emphasized on creating 'strong second-tier cities'.

Source: bd News24 September 27, 2017 09:45 UTC